World Footwear

Clarks

CEO Giorgio Presca exits Clarks

Feb 25, 2021 / United Kingdom
According to several reports on the news, the CEO of Clarks has reportedly left the business. Other members of the company’s executive team are allegedly leaving as well

Li Ning’s unit Viva China to acquire majority stake at Clarks

Jan 29, 2021 / United Kingdom
The Chinese gymnast-turned-businessman Li Ning is about to take control of the British shoemaker less than a month after Clarks sold a majority stake to the Hong Kong-based private equity firm LionRock Capital, of which Li is Non-Executive Chairman

Clarks to close 50 stores

Oct 16, 2020 / United Kingdom
Clarks is expected to go ahead with a Company Voluntary Arrangement (CVA) which can result in the closure of several of its shops in order to secure a capital injection from Hong Kong-based private equity firm LionRock, Sky News reported

Clarks considers permanently closing stores

Apr 8, 2020 / United Kingdom
The UK-based footwear retailer is preparing for the permanent closure of some of its stores and asked bankers to advise on options available for the strategic move

Clarks calls in McKinsey to conduct business review

Dec 2, 2019 / United Kingdom
British footwear retailer Clarks has called in consultants from McKinsey & Co to conduct a review of the business and assess its options amid difficult trading

Clarks widen losses

Nov 8, 2019 / United Kingdom
The UK-based footwear brand announced yearly results for the period ended on the 2nd of February. Clarks reported a loss after tax of 82.9 million British pounds

Clarks brings shoemaking to its hometown

Jul 5, 2017 / United Kingdom
The UK-based footwear company announced it will open a new manufacturing unit at its headquarters in Somerset, creating up to 80 jobs in the process

Clarks profits with deep dive

May 23, 2017 / United Kingdom
The UK-based footwear brand posted a 43% decline in profits in the last financial year. A boost in sales (+8%) wasn’t enough to save the year’s performance
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